MasterControl Inc is a software company providing industry-specific automated quality and compliance solutions on its MasterControl Platform. MasterControl’s Bryant Headley believes the company’s automated compliance tracking services are suitable for public and private companies alike. The MasterControl Platform is currently used by pharma, life sciences, and medical companies in addition to government agencies and departments such as the FDA, USDA, and United States Army. Headley sees the MasterControl Platform as the ideal system for automated compliance solutions in the cannabis space, where real-time tracking of seed-to-sale operations is essential. The MasterControl Platform is also adaptable and can be integrated with other systems to meet the needs of clients.

James West:   Bryant, how are you doing?

Bryant Headley:    Good, how are you doing?

James West:   I’m well, thank you. Tell me about the business of compliance that MasterControl is in?

Bryant Headley:    I’ll tell you, you know, I was using MasterControl since my government days, but it’s a good quality system that brings analytics, control, it brings a whole gamut of good data collection into any kind of system. So it’s really a life-changing, you know, product that actually helps the market with their document control, their training, their audits, whatever it may be – it’s just a great tool to be used out there for the market. Especially growing markets.

James West:   I see. Yeah, and so is it exclusive to – do you, is this used primarily in the cannabis space, or is it used in other industries as well?

Bryant Headley:    It’s used in a lot of different industries. It’s used in the government, it’s used in pharmaceutical, medical devices, it’s a slew of different areas that we go into. Like I said, it’s just a fantastic tool that’ll help you, you know, with compliance and control and the analytics part of it.

James West:   I see. So is it something that public companies can use to remain in compliance with the various regulatory rules that they have to follow?

Bryant Headley:    It sure does. You know, and it helps through the audit process as well, by having all your documentation in one controlled area. So it’s actually a great tool, especially for those folks, and I think most folks fall into the realm of having to be audited.

James West:   Yeah, so this is why I wanted to talk to you, and why I was interested in MasterControl, is because as soon as I read about your company, I thought, boy, I know of at least three dozen companies that really could use something like this. So how does a public company go about examining whether this is an appropriate tool for their compliance, and more importantly, their audit compliance processes, and how much does it cost?

Bryant Headley:    So I can’t really go into the cost of it all, but I’ll tell you from my days of being in the other side of the realm, if you will, that we are probably the best-p